19) ( 1) 3 years (2) 5 years (3) 7 years After-tax proceeds from sale of new asset Proceeds from sale of proposed asset $10,000 $10,000 $10,000 +Tax on sale of proposed asset $16,880 $400 $4,000 = Total after-tax proceeds of new asset $26,880 $9,600 $6,000 After-tax proceeds from sale of old asset Proceeds from sale of old asset 0 00+ Tax on sale of old asset000

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